Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Sidelines Mode (+55) - SARJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SARJPY
The long-term trend has been UP since Feb 5th, 2021 at 28.172723
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 35.971254
The short-term trend has been UP since Aug 4th, 2022 at 35.716823
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).